IQST - IQSTEL Reports 1H 2026 Revenue of $207 Million, Up 59% Year-Over-Year, as Stockholders' Equity Reaches $17.2 Million
Rhea-AI Summary
IQSTEL (NASDAQ: IQST) reported first-half 2026 revenue of $207 million, up about 59% from approximately $130 million in 1H 2025, with gross profit rising 26% to about $4.8 million. Second-quarter revenue was roughly $109 million, following $97.9 million in Q1.
Based on 10.05 million shares, 1H revenue equals $20.59 per share, or an annualized $414 million and $41.18 per share (mathematical illustration, not guidance). As of June 30, 2026, total assets were $48.2 million, liabilities $31.0 million, and stockholders' equity $17.2 million, about 5% higher than year-end 2025 and more than 50% above the company’s market capitalization. IQSTEL continues to expand higher-margin Digital Services while pursuing its $430 million full-year 2026 revenue objective.
Positive
- Revenue $207M in 1H 2026, up ~59% from $130M in 1H 2025
- Gross profit $4.8M in 1H 2026, up ~26% year-over-year from $3.8M
- Q2 2026 revenue ~$109M, above Q1’s $97.9M, supporting 1H growth
- Stockholders’ equity $17.2M as of June 30, 2026, up ~5% vs. Dec. 31, 2025
- Annualized revenue scale ~$414M based on 1H 2026 results
- Equity exceeds market cap by >50%, indicating book value above public valuation
Negative
- Revenue growth ~59% vs. gross profit growth ~26%, indicating slower margin expansion
- Total liabilities $31.0M vs. stockholders’ equity $17.2M as of June 30, 2026
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 16 | Preliminary earnings | Positive | +38.5% | Preliminary first-half revenue rose 59% year over year to $207 million |
| May 26 | Q1 earnings report | Positive | -5.8% | Q1 revenue increased 69.9% year over year and target was reaffirmed |
| Apr 06 | FY earnings report | Positive | -8.6% | Full-year revenue and gross profit increased alongside higher stockholders' equity |
| Nov 14 | Q3 earnings report | Positive | +12.7% | Quarterly revenue rose 42% sequentially and 90% year over year |
| Aug 14 | Q2 earnings report | Positive | -3.4% | H1 revenue, gross margin, net income, and EBITDA metrics improved |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Tag-matched earnings reactions were mixed, with two positive alignments and three negative divergences.
Key Terms
adjusted ebitda financial
operating leverage technical
stockholders' equity financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
First-Half Revenue Annualizes to
IQSTEL's
First-Half 2026 Financial Highlights
IQSTEL generated
Gross profit increased to approximately
Metric | 1H 2026 | 1H 2025 | Growth |
Revenue | +59 % | ||
Gross Profit | +26 % |
The first-half performance builds on IQSTEL's strong first quarter, when the Company reported
IQSTEL generated approximately
A
Based solely on annualizing first-half 2026 results, IQSTEL's
Based on approximately 10.05 million shares used for the Company's per-share calculations, IQSTEL's first-half financial metrics translate into:
Key Per-Share Metric | 1H 2026 |
Revenue (Six Months) | |
Revenue Per Share (Six Months) | |
Annualized Revenue Based on 1H Results | |
Annualized Revenue Per Share Based on 1H Results | |
Total Assets | |
Assets Per Share | approximately |
Stockholders' Equity | |
Equity Per Share | approximately |
Management believes these metrics provide investors with an additional perspective on the operating scale and balance-sheet value represented by each outstanding share of IQSTEL.
The annualized revenue figures presented above are calculated by multiplying first-half 2026 revenue by two solely to illustrate the annualized mathematical equivalent of the Company's first-half results. These figures are not a forecast or projection of the Company's actual full-year 2026 results.
Balance Sheet Supports the Company's Next Phase of Growth
As of June 30, 2026, IQSTEL reported:
- Total Assets:
$48.2 million - Total Liabilities:
$31.0 million - Stockholders' Equity:
$17.2 million
IQSTEL's approximately
Management believes the relationship between IQSTEL's stockholders' equity and its current market capitalization highlights a significant disconnect between the Company's accounting book value and its public-market valuation.
At current market levels, IQSTEL's approximately
Management believes this comparison provides an important perspective for shareholders and underscores what it views as a significant gap between IQSTEL's current public-market valuation and the underlying financial and operating value of the Company.
From Global Telecom Scale to a Global Digital Services Platform
IQSTEL's strategy is built around two complementary business divisions: Telecommunications and Digital Services.
The Telecommunications division provides the global scale, commercial relationships, infrastructure, transaction volume, and customer connectivity that IQSTEL has developed over more than a decade.
The Digital Services division is designed to leverage that existing global platform to distribute higher-margin technology solutions across areas including fintech, artificial intelligence, cybersecurity, digital health, and other advanced digital services.
Each new technology product moves through commercial infrastructure and carrier relationships IQSTEL already has in place, rather than a distribution network built from scratch.
Today, IQSTEL's global platform includes:
- Relationships and interconnections with more than 600 telecom operators worldwide;
- Operations across multiple international markets and continents;
- A potential commercial reach of approximately 2.3 billion end users through the networks of its telecom customers;
- An established global infrastructure supporting hundreds of millions of dollars in annual transactions; and
- A growing Digital Services division focused on expanding IQSTEL's participation in higher-margin technology markets.
Management believes the combination of telecommunications scale, digital services, and global distribution is central to IQSTEL's next stage of development.
Revenue Growth Is Only Part of the Strategy
While IQSTEL's growth to
Gross profit increased approximately
IQSTEL believes the continued expansion of Digital Services can progressively change the Company's revenue mix by adding technology products and services with potentially higher margins than its traditional telecommunications business.
That shift is central to IQSTEL's long-term strategy: keep growing the telecom platform and use it to commercialize higher-margin digital products and services.
Management Commentary
Leandro José Iglesias, CEO of IQSTEL, commented:
"The first half of 2026 demonstrates the scale IQSTEL has built. We generated
Mr. Iglesias continued:
"But revenue growth is only one part of our story. We have spent years building a global telecommunications platform with relationships across more than 600 telecom operators and potential access to approximately 2.3 billion end users through our customers. Our objective now is to increasingly monetize that platform through higher-margin digital services."
Mr. Iglesias concluded:
"At our first-half revenue level, IQSTEL is operating at approximately
Outlook: Continuing Toward the Next Level of Scale
IQSTEL remains focused on disciplined execution during the second half of 2026 and continues to pursue its previously announced
First-half revenue of
Management believes IQSTEL remains on track to achieve its 2026 revenue objective. Historically, the second half of the year has been stronger than the first half for the Company, reflecting the seasonality and commercial dynamics of its business. Based on this historical pattern, combined with the Company's current commercial momentum, management believes the
Importantly, IQSTEL's focus for the second half extends beyond revenue growth. The Company is also working to convert that scale into margin — gross profit, Adjusted EBITDA and operating leverage — and to bring higher-margin Digital Services to market across its global platform.
Management believes IQSTEL enters the second half of 2026 with significant commercial momentum and an increasingly diversified technology platform.
IQSTEL's objective is to convert its global scale into sustainable profitability and long-term shareholder value.
IQSTEL Invites Investors to First-Half 2026 Earnings Call
IQSTEL invites shareholders, investors, analysts, and other interested parties to participate in the Company's First-Half 2026 Earnings Call, where management will discuss the Company's financial performance, business strategy, Digital Services expansion, and outlook for the remainder of 2026 and beyond.
Earnings Call Information
Date: Wednesday, August 19, 2026
Time: 8:00 AM Eastern Time
Conference ID: 9936508
Toll-Free (
International (Toll): 1-646-357-8766
Webcast (Audience): https://app.webinar.net/0dr8N5peBG4
Interested parties may access the live conference call by dialing the numbers above and referencing Conference ID 9936508, or by joining through the live webcast.
During the call, IQSTEL management expects to discuss first-half revenue growth, gross profit, the
A replay of the call will be archived and made available on the Company's website following the event.
About IQSTEL Inc.
IQSTEL Inc. (NASDAQ: IQST) is a global telecommunications and technology company operating through two core business divisions: Telecom and Digital Services. The Telecom Division is the foundation of IQSTEL's global platform, operating across 24 countries with more than 600 telecommunications carrier interconnections and delivering international voice, SMS, messaging, and connectivity solutions to some of the world's largest telecom operators and enterprise customers. Through these customer relationships, IQSTEL's platform has the potential to reach approximately 2.3 billion end users worldwide. Building on this global infrastructure and commercial reach, the Digital Services Division is focused on higher-margin technology solutions across Artificial Intelligence, Intelligent Communications, Cybersecurity, Fintech, Digital Health, Enterprise Automation, and Content Services. Built through nearly two decades of organic growth and strategic acquisitions, IQSTEL is leveraging the scale and reach of its Telecom business to accelerate the growth of Digital Services and drive its next phase of revenue and Adjusted EBITDA expansion.
For more information, visit:
Corporate: www.iqstel.com
Telecom: www.iqsteltelecom.com
Digital Services: www.iqsteldigital.com
Official Investor Landing Page: www.landingpage.iqstel.com
Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future events or conditions. Words such as "anticipate," "believe," "estimate," "expect," "intend", "could" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and services; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our ability to complete complementary acquisitions and dispositions that benefit our company; our success establishing and maintaining collaborative, strategic alliance agreements with our industry partners; our ability to comply with applicable regulations; our ability to secure capital when needed; and the other risks and uncertainties described in our prior filings with the Securities and Exchange Commission.
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SOURCE iQSTEL